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Now the lawyer who wrote the rules that gave Wall Street insiders a big financial incentiv...

The US SEC Undermined a Powerful Weapon Against White-Collar Crime – Moneylife

Now the lawyer who wrote the rules that gave Wall Street insiders a big financial incentive to report crimes to the SEC is suing the government for changing them. After agonizing about the decision, the top financial adviser had finally gone to the Securities and Exchange Commission with proof of wrongdoing at his firm. He’s blunt about why: the roughly $50 million he stood to make under the agency’s whistleblower program, his calculation based on what kind of settlement he …

 

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